Supportive regulatory regime, Low risk transmission and distribution business, and Minimal competition. Large capital program, and Financial metrics weak for rating level. The ratings on Connecticut Light&Power Co. (CL&P; BBB/Stable/--), a wholly owned subsidiary of Northeast Utilities (NU; BBB/Stable/--), are based on the consolidated credit profile of its parent, NU, and its affiliate companies, Western Massachusetts Electric Co., Public Service Co. of New Hampshire, Yankee Gas Services Co., Select Energy Inc., and Northeast Generation Co. CL&P is an electric transmission and distribution (T&D) utility serving 1.1 million customers in Connecticut. CL&P benefits from a fairly supportive regulatory environment, low operational risk, and average financial metrics for the rating level. The ratings on NU and its regulated subsidiaries are
